Team Inc. ( (TISI) ) has released its Q2 earnings. Here is a breakdown of the information Team Inc. presented to its investors.
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Team, Inc., headquartered in Sugar Land, Texas, is a global leader in providing specialty industrial services, including mechanical, heat-treating, and inspection services, aimed at enhancing safety, reliability, and operational efficiency for critical assets in various industries.
In the second quarter of 2025, Team, Inc. reported a revenue increase of 8.5% year-over-year, reaching $248 million. Despite this growth, the company recorded a net loss of $4.3 million. However, the consolidated Adjusted EBITDA improved by 12.4% to $24.5 million, indicating progress in the company’s transformation initiatives.
Key financial highlights include a 15.2% revenue growth in the Inspection and Heat Treating segment and a 6.6% increase in U.S. Mechanical Services revenue. The company also achieved a reduction in Adjusted Selling, General, and Administrative expenses as a percentage of revenue, reflecting ongoing cost optimization efforts. Additionally, Team, Inc. appointed Dan Dolson to accelerate its transformation program, focusing on revenue growth and margin improvement.
Looking forward, Team, Inc. anticipates continued top-line growth and improved Adjusted EBITDA in the second half of 2025, driven by strong performance in Canadian and international operations. The company remains committed to executing its transformation plan, enhancing financial performance, and delivering shareholder value.